Suniva plans partnership to restart manufacturing operations

Jeremiah Silkowski, CEO of SQN Capital Management, commented: "It has been a long year but a fight worth fighting. We are pleased now to have multiple attractive options as we look toward [to] Suniva's future." Image: Suniva

US-based PV manufacturer Suniva has been released from bankruptcy proceedings and plans to restart manufacturing operations again with a partner, according to SQN Capital Management.

SQN Capital said that it was “on the verge of determining which partner will provide the best path to revitalizing the company and meeting the overwhelming demand for Suniva's high-quality, high-efficiency products.”

It also led the Suniva US Section 201 petition that ended with US President, Donald Trump imposing new import duties on not only Chinese PV manufacturer’s imported solar cells and modules but effectively every country with the capability to import solar products into the US.

Jeremiah Silkowski, CEO of SQN Capital Management, commented: "It has been a long year but a fight worth fighting. We are pleased now to have multiple attractive options as we look toward [to] Suniva's future."

SQN Capital also noted that it had acquired Suniva’s technology, licenses, and manufacturing capacity.

PV Tech assumes these assets was acquired from Shunfeng, which had written-off its investment in Suniva in 2017. Shunfeng has not made a financial filing in regard to the asset sale to the Hong Kong Stock Exchange, at time of publication.

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